The internationalisation of China’s currency has stalled
And the forthcoming Communist Party congress is unlikely to kick-start it
ON OCTOBER 18TH, President Xi Jinping will preside in Beijing over the most important political event in five years. At the Communist Party’s 19th congress much will be made of the triumphs achieved in nearly four decades of reform and opening up. So expect a glossing over of one part of that process where progress has largely stalled: the “internationalisation” of China’s currency, the yuan.
This article appeared in the Finance & economics section of the print edition under the headline “Tricky troika”
Finance & economics October 14th 2017
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From the October 14th 2017 edition
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